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3 years ago

The following information is available for a company's utility cost for operating its machines over the last four months.

Business

1 answer:

laila [671]3 years ago

4 0

Answer:

Using the high-low method, the estimated variable cost per machine hour for utilities is $1.875/ machine hour

Explanation:

High Low Method is a method used to separate Fixed and Variable Costs Components of a semi-variable cost/overhead.

<em>Step 1 : Establish 2 points - The Highest and The Lowest</em>

High - March 2,640 hrs : $8,100

Low - April 720 hrs : $ 4,500

<em>Step 2 Calculate the variable Cost Component</em>

Variable Costs = Overhead Cost difference /Activity difference

= ($8,100-$4,500)/(2,640hrs-720hrs)

= $3,600/1,920hrs

= $1.875/hr

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